Loading ...
Please Click on the Image to Read the FULL Book Online.
Prefatory by Lyon Hastings
About two years ago at the written request of several members of the Investment Bankers Association, the Board of Governors appointed a Special Committee consisting of Lawrence Chamberlain, Chairman, EW Bulkley and A.W Bullard, to consider the expediency of compiling and printing a text or texts of subject matter relating to the business of investment banking with the primary idea of assisting in the work of educating the relatively inexperienced bond salesman in those things which can be taught from books.
As the work of the Committee progressed, two things became evident: first, that the writing and printing of a series of text books would be too large an undertaking for this organization – at least at the present time – and second, that if it were desirable to undertake anything in the line of educational work the scope and purpose should be broadened to include suggestion and guidance to college and university instructors in finance.
Accordingly, the Committee so reported at the Convention held in October 1916, at Cincinnati.
By an almost unanimous vote the members of the Association in Convention requested a continuance of the work of the work of the Committee and at a subsequent meeting of the Board of Governors, at which a comprehensive report with exhibits was presented to the Board, it authorised the Committee in its discretion to publish the material submitted in such form and under such arrangements as seemed desirable.
These outlines have been prepared as an aid to the study of that branch of fiscal operations which has to do with financing fixed capital. It might properly be termed investment finance. The principles which should underlie these operations, however, are in the process of formulation, and those which have been determined are only incompletely stated in the books. Even the methods of this kind of finance have had a very limited description in printed form. The other large branch of fiscal affairs which has to do with financing circulating capital or “quick” assets (that is to say commercial banking), has for a much longer period been a subject for study and writing, and however much remains to be done to give it an adequate written treatment, the student in this branch has a comparatively well formulated and well described science and art. It is the aim of these outlines to enable the man seeking a knowledge of investment finance to use existing books as advantageouly as possible. They present a comprehensive scheme of study as far as the material is available. They have been prepared with the idea of bringing to his attention in an orderly manner to develop the subject in a systematic way.
Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left)
LINK
EMBED
Related posts:
- Corporation Finance by Hastings Lyon The new volume deals more especially with two topics, the...
- Corporation Finance by Arthur Dewing PREFACE Teachers of economics and corporation finance have expressed a...
- Corporation Finance by Edward Sherwood Mead The enormous and increasing values and profits represented by American...
- BUSINESS FINANCE – A Practical Study of Financial Management in Private Business Concerns BY WILLIAM H LOUGH PREFACE This book, as its name indicates, is concerned with...
- The Stock Exchange – A Short Study of Investment and Speculation by Francis Wrigley Hirst INTRODUCTION IN an old Pennsylvanian almanac of the eighteenth century...
Store Fleet